Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/88673
Authors: 
von Auer, Ludwig
Year of Publication: 
2011
Series/Report no.: 
Research Papers in Economics 12/11
Abstract: 
The inflation rate is normally computed as a weighted average of individual price changes. Alternatively, this rate could be evaluated by comparing average price levels. Unfortunately, this methodology has received limited attention in past research. This study attempts to remedy this situation by introducing a group of Generalized Unit Value indices that evaluate price level changes. The group includes some well-known (Laspeyres, Paasche, Banerjee), hardly known (Lehr, Davies), and previously unknown price indices. An assessment of their axiomatic properties is presented.
Subjects: 
Index Theory
Inflation
Unit Value
Measurement
JEL: 
C43
E31
E52
Document Type: 
Working Paper

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